Articles about Brian Olsavsky

AWS tops $10B in quarterly operating profits as Jassy cites ‘reacceleration’ of cloud business

Amazon’s cloud business isn’t done growing yet. Amazon Web Services posted $10.4 billion in operating income in the third quarter,… Read More

Amazon sales come up short, profits nearly double

Amazon’s sales fell short of Wall Street’s estimates but profits exceeded expectations in the company’s second quarter results, released Thursday… Read More

Amazon plans to ‘hold the line’ on job growth as hiring slowdown contributes to record profits

Amazon ended the fourth quarter with 1,525,000 employees, up by 25,000 people from the third quarter but down 1% from… Read More

Amazon ‘still pausing on headcount’ as part of larger effort to boost profits

Amazon ended the second quarter with 1.46 million employees, including both corporate and warehouse workers, about 4,000 fewer employees overall… Read More

How the economy is hitting the Amazon and Microsoft clouds, and what they’re doing about it

After soaring during the pandemic, the cloud is getting dragged down by the economy, and both of the Seattle region’s… Read More

Podcast

The state of the tech economy: Takeaways from Amazon, Apple, Microsoft, Meta and Alphabet

This week on the GeekWire Podcast, we play highlights and offer our thoughts on the recent earnings calls of Amazon,… Read More

Amazon’s 1st-party online sales drop to 42% of business as 3rd-party units hit new high

Amazon wants to expand long-term into areas such as a healthcare, self-driving taxis, and home robots, but two data points… Read More

Amazon sheds record 99k employees after overstaffing warehouses, will slow office hiring

Amazon’s direct workforce declined by 99,000 employees from the first to the second quarter, to 1.52 million people, the largest… Read More

Here’s how Amazon plans to rein in costs in quest to restore its consumer business to profitability

After doubling its fulfillment capacity and hiring hundreds of thousands of workers to meet demand during the pandemic, Amazon is… Read More

How Amazon ended up with too much warehouse space — and what it’s planning to do next

Amazon added warehouse space faster than it ultimately needed in response to the challenges of the pandemic, outpacing consumer sales… Read More

Amazon boosting wages and hiring incentives to keep up in competitive labor market

Amazon is finding it necessary to boost wages and increase its use of incentives to fill some of its open… Read More

Amazon sales of $113B disappoint Wall Street but profits of $7.8B exceed expectations

Amazon posted net sales of $113.1 billion for the second quarter, up 27%, but fell short of Wall Street expectations,… Read More

Amazon sheds 27k employees in Q1 in return to traditional post-holiday jobs pattern

Amazon’s total number of full- and part-time employees fell to 1.271 million people in the first quarter of 2021, down… Read More

Podcast

Amazon’s new Prime number: Why the tech giant is shifting its core shipping benefit to one-day delivery

Amazon’s first quarter earnings report last week presented analysts and investors with a financial mystery. The company’s profits were much… Read More

A little-known reason why Pittsburgh could have an inside track on Amazon’s HQ2

Pittsburgh was Mister Rogers’ neighborhood, but a couple key connections could make it a front runner to become Mr. Bezos’… Read More

As Amazon recaps a record year, shareholders meeting goes bananas

Amazon had no shortage of impressive stats to present to its shareholders at its annual meeting in Seattle this morning.… Read More

20 years after Amazon IPO, here’s what a $1,000 investment would be worth today

It has been exactly 20 years since Amazon.com made its initial public offering of stock, on May 15, 1997, and… Read More

Amazon soars to more than 341K employees — adding more than 110K people in a single year

Amazon added more than 110,000 employees during the past year, topping 341,000 people as of the end of 2016 thanks largely… Read More

Amazon posts $32.7B in revenue, up 29%, but profits fall well short of Wall Street expectations

Updated with comments from Amazon CFO Brian Olsavsky. Amazon posted $32.7 billion in revenue in the third quarter, up 29… Read More

Amazon net sales soar 31% to $30.4B, AWS accounts for 56% of operating profits

Amazon’s net sales for the second quarter rose 31 percent to $30.4 billion, coming in at the high end of… Read More